According to @pacificbusinessnews, there were 347 single-family homes sold in September, a 12.3% increase from the 309 homes that sold in September 2018 📈⠀
The demand is there...are you ready to sell? #marketwatch#homesales
Today’s High Impact Monday we want to keep you updated with the newest changes to EB-5 investor requirements, as these changes will likely have a large impact on all forms of new development in the U.S.🇱🇷
Starting November 21st, new federal regulations are almost doubling the minimum amount that foreign visa-seekers must contribute to projects.👌
In low employment zones, the minimum project contribution will jump from $500,000 to $900,000, and in all other zones, from $1 million to $1.8 million.✨
This is the first time these contribution amounts have been changed in the program’s 30 year history. What are your thoughts? Let us know in the comments below!👇
If you are interested in buying or selling, or are seeking professional real estate advice, shoot us a DM or email us anytime at email@example.com 📲
Market is a sea of velvets, textures, and color. This space designed, by Lisa Mende, in the Rowe showroom has it all. If you’re at Market, don’t miss it!!
5 3816 hours ago
With currency advantage for dollar pegged economies and ongoing property price softening, interesting opportunities are being created in Prime Central London for UAE investors. Read more about the market trends and UAE occupier preferences in our latest Prime Central London Snapshot – 2019.
SUNDAY STATS 📊📈
🍂🍁Leaves are falling but not prices 🍂🍁
The Toronto Real Estate Board September numbers are in and the GTA housing market is continuing its strong pace. Following a very active summer, the market has shown little to no signs of a slowdown with 7,825 sales reported for the month of September. This represents a 22% increase in volume compared to the same period last year. Total sales for 2019 are now at 67,957, up 13.2% year-over-year.
The average price of all sales in September was $843,115, up 5.8% from a year ago. Lower interest rates and rising prices in the condo sector are fuelling demand for low-rise housing options. The MLS Home Price Index Composite Benchmark, which illustrates inflation in the market, was up 5.2% and increased for all major housing categories, most notably for condo apartments which were up 8%.
Price growth was highest in the townhome market at +6.8% (5.7% in the 416), while detached homes saw the greatest gain in unit sales at +28.9% (+37.9% in the 416). Sales of townhomes rose 21.8% (+33.2% in the 416) and semi-detached home sales increased by 15.1% (+12.3% in the 416). Despite the shrinking price gap between high- and low-rise homes, total condo sales were up 15.9% (+13.5% in the 416).
New listings declined by 1.9% from last September, well short of the pace of sales growth. There is currently a 2.2-month supply in the GTA. With reduced choice in the market and an increased demand, we can continue to expect upward pressure on prices in the face of strong sellers’ market conditions.
The GTA housing market has been on a tear since March. We expect this pace to continue in October and November as buyers and sellers look to manage their real estate needs in advance of the holiday season. .
For more insight on your specific neighbourhood, be sure to speak with me 📞416.312.2982 or drop me a line 👉www.karenkiratzis.com .
Happy to help ❤️
0 621 October, 2019
What affects the future direction of prices for, well, anything, including real estate?
Of course it's the balance or imbalance of supply and demand.
Did you know that in the last 30 days, there were 58 Palos Verdes homes listed for sale. In that same time period, 63 properties were placed in escrow.
Think about that a second. What does that mean? It could mean that the market is not generating enough supply to support demand.
And what pressure does that put on prices for the near future? Is it more or less likely for prices to rise or at least stay stable?
For more information use the link here
The more you know. 💫
✅ The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
✅Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020.
✅ CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.
✅ More questions? Let’s chat!
In my last quarterly report, I started answering questions so you get to know me a little better. Look out for the Q3 report coming out next week, where a whole new set of questions are being answered by me. Want to know more or have suggestions? Ask away in the comments 🙌 #gettoknowme#nycrealestate#livewhoyouare
If you think you're not getting enough information about your market on a daily basis, you’re wrong. Your market is speaking to you every minute of every day through comments on social media, reviews on websites, public surveys, consumer choices, and the list goes on.
If someone were to ask you about your market would you be able to give them specific details?🧐
If you hesitated... then you know what you need to do!🙌
31 5659 August, 2019
What a day! It was so wonderful meeting so many amazing and lovely people. Let's do that again tomorrow! But preferably with my voice back. ;-) #markettrends#quiltabout
It’s finally starting to feel like spring in Chicago, and there’s no better time to start thinking about your next real estate move! Whether you are looking to BUY, RENT or SELL, I would be honored to make your dreams into a reality. Please do not hesitate to reach out and let’s chat. 🏠